The Potential of Smart Metering:

  • Estimates of total investment for the roll out of Smart Metering systems throughout the European Union vary from state to state
  • For larger states this will be in the order of €10-20B
  • Investments will be stretched over 10 years
  • Investments may increase as other smart metering related features are added to systems.

 

It is clear that business opportunities in smart metering in the EU will increase considerably coupled with an increasing role for energy efficiency as a major business driver. The requirements of the Energy Services Directive mean that utilities need to significantly change their operations in relation to customers relations, billing and metering.


In addition many observers believe that energy and water utilities will need to change other aspects of their businesses. 
 

Fully operational Smart Metering systems across Europe will act as a catalyst for other technology advances, such as
  • Smart utility grids
  • Smart housing and home communications
  • Household low carbon and renewable technologies 
  • Appliance management solutions.


Smart Metering solutions will influence related technical developments

  • Communications’ infrastructures for
    • Wide area networks
    • Local area networks
    • Home ear networks
  • Communication protocols four household appliances, heating and lighting controls.

 

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